Gold-loan NBFCs in India expect growth in disbursements this fiscal year due to high credit demand and favorable gold prices, per CRISIL Ratings.

Gold-loan NBFCs in India are projected to experience growth in disbursements this fiscal year due to high demand for credit and favorable gold price movements, according to CRISIL Ratings. The NBFCs have demonstrated resilience, adapting to regulatory changes and shifting to digital payment channels. Despite declining gold prices, their low loan-to-value ratios and focus on periodic interest collection have minimized material impacts.

August 16, 2024
11 Articles